AlTi Global (NASDAQ:ALTI – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of AlTi Global in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, AlTi Global has an average rating of “Sell”.
Read Our Latest Stock Analysis on AlTi Global
AlTi Global Trading Up 3.5%
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in ALTI. BNP Paribas Financial Markets raised its position in shares of AlTi Global by 110.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,729 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 4,581 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in AlTi Global by 158.4% during the second quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 5,912 shares in the last quarter. XTX Topco Ltd purchased a new position in AlTi Global in the fourth quarter valued at about $63,000. AQR Capital Management LLC purchased a new position in AlTi Global in the first quarter valued at about $42,000. Finally, The Manufacturers Life Insurance Company grew its stake in AlTi Global by 25.4% in the second quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 3,679 shares during the last quarter. 3.57% of the stock is currently owned by hedge funds and other institutional investors.
About AlTi Global
AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services. It also provides trust and administration services, such as entity formation and management; creating or modifying trust instruments and administrative practices to meet beneficiary needs; corporate, trustee-executor, and fiduciary services; provision of directors and company secretarial services; administering entity ownership of intellectual property rights; advisory and administration services in connection with investments in marine and aviation assets; and administering entity ownership of fine art and collectibles.
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